Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 124 - Replacement-asset roll-overs  

Subdivision 124-R - Water entitlements  

Variation to CGT asset case

SECTION 124-1155   124-1155   Roll-over for variation to CGT asset  


There is a roll-over if:


(a) a *CGT event happens to a *CGT asset that you own; and


(b) the CGT event happens as a direct result of the circumstances that gave rise to a roll-over under section 124-1105 ; and


(c) you continue to be the owner of the asset (the retained asset ) immediately after the CGT event has happened.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.